How much does it cost to rent at Vela at Tempe Town Lake?

Rent at Vela at Tempe Town Lake in Tempe, AZ ranges from $1,572 to $2,650 per month as of August 16, 2026.

What is the average studio rent at Vela at Tempe Town Lake?

The average studio apartment at Vela at Tempe Town Lake costs $1,603/month, starting from $1,572.

What is the average 1 bed rent at Vela at Tempe Town Lake?

The average 1 bed apartment at Vela at Tempe Town Lake costs $1,889/month, starting from $1,725.

What is the average 2 bed rent at Vela at Tempe Town Lake?

The average 2 bed apartment at Vela at Tempe Town Lake costs $2,338/month, starting from $2,139.

Is Vela at Tempe Town Lake a good apartment complex?

Vela at Tempe Town Lake has a 4.1-star rating on Google based on 245 reviews.

Updated August 16, 2026 at 3:58 p.m. MT

Vela at Tempe Town Lake

Name: Vela at Tempe Town Lake
Address: 555 N College Ave, Tempe, AZ, 85288, US
Telephone: (520) 523-5872
Rating: 4.1

555 N College Ave, Tempe, AZ 85288, USA

4.1 (245 reviews) Official Website (520) 523-5872

Live pricing, refreshed August 16, 2026 at 3:58 p.m. MT

Units Listed

$1,572

Starting at

$1,963

Average

$2,650

Highest

$2.41

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Tempe 85281 rent trends

Beds

Pricing by Bedroom

Studio

$1,603

from $1,572 · 4 units

~543 sqft avg

1 Bed

$1,889

from $1,725 · 11 units

~734 sqft avg

2 Bed

$2,338

from $2,139 · 6 units

~1,137 sqft avg

Specials Available 21 units

Up to 10 Weeks FREE

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (24)

Largest 8 movers of 24

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: stated by the property itself
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$471K

$5.7M annual run rate

Est. Occupancy

93%

of about 289 units (reported building size)

Effective Rent on New Leases

$1,758

vs $1,963 current asking ($205 negotiation gap)

Recent Lease Activity

88 units tracked; 67 assumed leased, 21 listed now

See which units leased, when they left the market, and the rent they leased at.

Unlock with Pro

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Good availability

7 floor plans

Move-in Specials

21 units with active promos

Use competing promos as leverage

Negotiation Leverage

Strong leverage

High availability and active promos suggest this building is eager to fill units.

Price vs. Tempe 85281

Neighborhood

The District on Apache

$799 Rise at the Retreat

$895 Flare Tempe

$955 Vertex Apartments

$999 VERVE Tempe

$999 Parq on 5th Apartments

$1,153 Encore On Farmer Apartments

$1,168 Emerson Mill Avenue

$1,249 Rio Paradiso

$1,251 Metro 101

$1,344

Vela at Tempe Town Lake

$1,572

Comparing 11 apartments in Tempe 85281. Click any bar to view that building.

See Tempe 85281 rent trends on the Tempe, AZ map Explore Tempe, AZ on the interactive map

Available Units

Sort

21 units

Studio / 1 Bath E1

$1,572/mo

543 ft² · $2.90/ft² · #1009

Up to 10 Weeks FREE

Down $2 since Aug 5 (was $1,574)

Studio / 1 Bath E1

$1,577/mo

543 ft² · $2.90/ft² · #1020

Up to 10 Weeks FREE

Down $2 since Aug 5 (was $1,579)

Studio / 1 Bath E1

$1,612/mo

543 ft² · $2.97/ft² · #3025

Up to 10 Weeks FREE

Down $2 since Aug 5 (was $1,614)

Studio / 1 Bath E1

$1,650/mo

543 ft² · $3.04/ft² · #3019

Up to 10 Weeks FREE

Up $151 since Aug 5 (was $1,499)

1 Bed / 1 Bath A3

$1,725/mo

753 ft² · $2.29/ft² · #3005

Up to 10 Weeks FREE

Down $14 since Aug 16 (was $1,739)

1 Bed / 1 Bath A1

$1,735/mo

693 ft² · $2.50/ft² · #2003

Up to 10 Weeks FREE

Down $2 since Aug 5 (was $1,737)

1 Bed / 1 Bath A3

$1,744/mo

753 ft² · $2.32/ft² · #1036

Up to 10 Weeks FREE

Down $33 since Aug 6 (was $1,777)

1 Bed / 1 Bath A1

$1,835/mo

693 ft² · $2.65/ft² · #3045

Up to 10 Weeks FREE

Up $23 since Aug 8 (was $1,812)

1 Bed / 1 Bath A1

$1,865/mo

693 ft² · $2.69/ft² · #4041

Up to 10 Weeks FREE

1 Bed / 1 Bath A2

$1,905/mo

719 ft² · $2.65/ft² · #4020

Up to 10 Weeks FREE

Down $2 since Aug 5 (was $1,907)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
1009	E1	Studio / 1ba	543	$1,572	$2.90	2026-09-06	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
1020	E1	Studio / 1ba	543	$1,577	$2.90	2026-09-12	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3025	E1	Studio / 1ba	543	$1,612	$2.97	2026-09-28	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3019	E1	Studio / 1ba	543	$1,650	$3.04	2026-10-08	Pro	Up to 10 Weeks FREE Up $151 since Aug 5
3005	A3	1bd / 1ba	753	$1,725	$2.29	2026-08-16	Pro	Up to 10 Weeks FREE Down $14 since Aug 16
2003	A1	1bd / 1ba	693	$1,735	$2.50	2026-08-16	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
1036	A3	1bd / 1ba	753	$1,744	$2.32	2026-08-16	Pro	Up to 10 Weeks FREE Down $33 since Aug 6
3045	A1	1bd / 1ba	693	$1,835	$2.65	2026-08-16	Pro	Up to 10 Weeks FREE Up $23 since Aug 8
4041	A1	1bd / 1ba	693	$1,865	$2.69	2026-09-10	Pro	Up to 10 Weeks FREE
4020	A2	1bd / 1ba	719	$1,905	$2.65	2026-08-25	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3037	A3	1bd / 1ba	753	$1,920	$2.55	2026-08-16	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
2037	A3	1bd / 1ba	753	$1,940	$2.58	2026-09-15	Pro	Up to 10 Weeks FREE Down $1 since Aug 5
3029	A3	1bd / 1ba	753	$1,940	$2.58	2026-09-02	Pro	Up to 10 Weeks FREE Down $1 since Aug 5
2061	A3	1bd / 1ba	753	$1,970	$2.62	2026-08-16	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
2004	B1	2bd / 2ba	1,087	$2,139	$1.97	2026-10-01	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3055	B4	2bd / 2ba	1,206	$2,149	$1.78	2026-10-07	Pro	Up to 10 Weeks FREE
4069	B1	2bd / 2ba	1,087	$2,169	$2.00	2026-09-17	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3060	A3	1bd / 1ba	753	$2,195	$2.92	2026-09-07	Pro	Up to 10 Weeks FREE Down $1 since Aug 5
4023	B4	2bd / 2ba	1,206	$2,289	$1.90	2026-09-21	Pro	Up to 10 Weeks FREE Down $2 since Aug 5
3033	B1	2bd / 2ba	1,087	$2,634	$2.42	2026-09-01	Pro	Up to 10 Weeks FREE Down $12 since Aug 6
2059	B2	2bd / 2ba	1,149	$2,650	$2.31	2026-08-16	Pro	Up to 10 Weeks FREE Down $20 since Aug 13

Fees, Parking & True Monthly Cost

Monthly Fees

$9/mo

Added to base rent automatically

True Monthly Cost

$1,581

Starting price + fees

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Tempe, AZ notes

No resident notes for this property yet.